HDFC Corporate Bond Fund -Direct Plan - Growth Option
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Fund Type||Corporate Bond|
More about this fund
|6.97% Govt Stock 2026||4.37%|
|6.79% Govt Stock 2027||3.28%|
|National Bank For Agriculture And Rural Development||2.54%|
|Ultratech Cement Limited||2.47%|
|Bajaj Finance Limited||2.44%|
|8.24% Govt Stock 2027||2.39%|
|State Bank of India||2.28%|
|Housing Development Finance Corporation Limited||2.09%|
|Mangalore Refinery & Petrochemicals Ltd.||1.89%|
About HDFC Corporate Bond Fund - Direct Plan - Growth
The primary objective of HDFC Corporate Bond Fund is to offer returns in the form of long-term capital appreciation by investing in fixed-income securities that are rated AA+ or above.
Pros and Cons of HDFC Corporate Bond Fund - Direct Plan - Growth
The main advantage of investing in HDFC Corporate Bond Fund is that you get exposure to a debt portfolio which is diversified by including high-rated assets across debt and money markets. The assets of the portfolio of this fund are mostly of the grade AA+ or above. This makes it suitable for risk-averse investors. On the flip side, the returns offered by this fund are not comparable with that of an equity fund during a market high.
Fund Information and Statistics
i) Inception/Launch Date
HDFC Corporate Bond Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
HDFC Corporate Bond Fund has been categorised under ‘moderate risk’ class of mutual funds by HDFC Mutual Fund. However, it is less risky when compared with a hybrid mutual fund.
Since HDFC Corporate Bond Fund is an open-ended mutual fund plan, you can withdraw your investment at any time.
iv) Fund Manager
Mr Anupam Joshi is the current fund manager of HDFC Corporate Bond Fund.
v) Entry/Exit Load
There is no entry load as per the norms of the Indian market regulator. There is no exit load as well on HDFC Corporate Bond Fund in order to facilitate higher levels of liquidity.
About HDFC Mutual Fund
HDFC Mutual Fund was constituted in 1999. It is a product of a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited (SLI), who also happen to be the joint sponsors of the fund house. HDFC Trustee Company Limited is the trustee of HDFC Mutual Fund. The assets under management (AUM) of the fund house stood at Rs 3.56 lakh crore as of June 2020.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns